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(Related to Checkpoint 11.4) (IRR calculation) What is the internal rate of return for the following project: An initial outlay of $11,000 resulting in a

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(Related to Checkpoint 11.4) (IRR calculation) What is the internal rate of return for the following project: An initial outlay of $11,000 resulting in a single cash inflow of $31,234 in 10 years. The internal rate of return for the project is 1%. (Round to the nearest whole percent.)

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